Rongsheng Petrochemical Balance Sheet Health
Financial Health criteria checks 0/6
Rongsheng Petrochemical has a total shareholder equity of CN¥95.3B and total debt of CN¥205.3B, which brings its debt-to-equity ratio to 215.4%. Its total assets and total liabilities are CN¥386.1B and CN¥290.8B respectively. Rongsheng Petrochemical's EBIT is CN¥13.6B making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥19.8B.
Key information
215.4%
Debt to equity ratio
CN¥205.25b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥19.76b |
| Equity | CN¥95.30b |
| Total liabilities | CN¥290.80b |
| Total assets | CN¥386.10b |
Recent financial health updates
Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet
Oct 15
Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load
May 28Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?
Feb 27Recent updates
Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet
Oct 15Is Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Potentially Undervalued?
Sep 30The Return Trends At Rongsheng Petrochemical (SZSE:002493) Look Promising
Sep 13Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Business And Shares Still Trailing The Industry
Jun 28Why Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Could Be Worth Watching
Jun 13Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load
May 28Rongsheng Petrochemical Co., Ltd. Beat Revenue Forecasts By 5.2%: Here's What Analysts Are Forecasting Next
Apr 28Returns On Capital At Rongsheng Petrochemical (SZSE:002493) Have Hit The Brakes
Apr 27Lacklustre Performance Is Driving Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Low P/S
Mar 25Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?
Feb 27Financial Position Analysis
Short Term Liabilities: 002493's short term assets (CN¥94.5B) do not cover its short term liabilities (CN¥158.2B).
Long Term Liabilities: 002493's short term assets (CN¥94.5B) do not cover its long term liabilities (CN¥132.6B).
Debt to Equity History and Analysis
Debt Level: 002493's net debt to equity ratio (194.6%) is considered high.
Reducing Debt: 002493's debt to equity ratio has increased from 214.1% to 215.4% over the past 5 years.
Debt Coverage: 002493's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 002493's interest payments on its debt are not well covered by EBIT (2.1x coverage).